Question
Consider the following statements regarding the GST to
be levied on corporate guarantee for subsidiaries and molasses- I.The GST Council has notified that guarantees provided by corporates to their subsidiaries will attract a 14 per cent GST. II.No tax will be levied if a personal guarantee is given by a director to the company. III. The council has also cut the GST rate on molasses to 9 percent from 28 percent. Which of the following statements is/are correct?Solution
The GST Council has notified that guarantees provided by corporates to their subsidiaries will attract an 18 per cent GST, while no tax will be levied if a personal guarantee is given by a director to the company.The council has also cut the GST rate on molasses to 5 per cent from 28 per cent. The reduction in GST on molasses will benefit sugarcane farmers and enable their dues to be cleared faster because more money will be left in the hands of the mills.
The amount of Chief Minister Kanya Sumangala Yojana has been increased, it is related to which state?
What is the amount of loan support provided by the World Bank under the MERITE scheme?
NITI Aayog has launched a report titled ‘Future ________ Preparedness and Emergency Response – A Framework for Action?
Who took oath as UPSC Chairman in 2022?
Which award did Ravi Shankar receive in 1999?
When is National Tribal Festival celebrated?
With reference to the Mangroves, consider the following statements:
1. The International Day for the Conservation of the Mangrove Ecosystem is ce...
Which company has launched the world's first Generative AI tool for insurance?
In which city did India recently sign a Host Country Agreement to establish the BIMSTEC Energy Center (BEC)?
Who has been elected as the acting Prime Minister of Pakistan?
